BSBINT401_Task1 Aphishita.pdf - BSBINT401 Research international business opportunities ASSESSMENT COVER SHEET STUDENT ID 90226 STUDENT NAME First Name

BSBINT401_Task1 Aphishita.pdf - BSBINT401 Research...

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Unformatted text preview: BSBINT401 Research international business opportunities ASSESSMENT COVER SHEET STUDENT ID 90226 STUDENT NAME First Name: Aphishita Last Name: Parinyaprom Student’s Declaration: Students please note: By submitting this assessment, you are acknowledging and agreeing to the following conditions. Please complete all assessment tasks, save, and upload in Moodle for grading. Please view the videos on submitting work through Moodle in the FAQ section of your VET Orientation course. Check Moodle grades and feedback on your submission. You will receive an email notification when your assessment has been graded. Please check the boxes below acknowledging and agreeing to the following conditions. ✔ I have read and understood the details of the assessment. ✔ I have been informed of the conditions of the assessment and the appeals process and understand I may appeal if I believe the assessment is not equitable, fair or just. ✔ I agree to participate in this assessment, and I am ready to be assessed. ✔ I certify that the attached is my own work (or in collaboration with other members of the group as required). ✔ I have acknowledged all sources where appropriate in accordance with ILSC’s Academic Integrity Policy, and I believe other group members have done the same. Assessor’s Acknowledgement: Please verify each of the following principles of assessment by placing a tick in each box. Refer to the assessor's handbook for further information if required. Authentic: The assessor is assured that the evidence presented for assessment is the learner’s own work. Valid: The assessor is assured that the learner has the skills, knowledge and attributes as described in the module or unit of competency and associated assessment requirements. Current: The assessor is assured that the assessment evidence demonstrates current competency. This requires the assessment evidence to be from the present or the very recent past. Sufficient: The assessor is assured that the quality, quantity and relevance of the assessment evidence enable a judgement to be made of a learner’s competency. ILSC Business College BSBINT401 Assessment V5.0917 Page 1 of 9 Reference Only - your trainer will complete this Observation checklist on Moodle Observation checklist for the presentation – Task 3 Student Name Trainer/Assessor Name Date Unit code and name BSBINT401 Research international business opportunities Tasks to be observed Satisfactory Not satisfactory Participation in verbal and non-verbal exchanges using appropriate language ☐ ☐ Sought the views and opinions of others by listening and questioning ☐ ☐ Used a range of sources of information and could explain how these were applicable to the context and content ☐ ☐ Evaluated the viability of the opportunity presented ☐ ☐ Demonstrated good research and analysis skills in relation to the sourcing and synthesis of information ☐ ☐ Justification of the quality of information used ☐ ☐ Uses logically sequenced steps to plan and implement tasks required to achieve outcomes ☐ ☐ Uses analytical techniques to assess skills, competencies and risks associated with opportunities ☐ ☐ Offer an opportunity for feedback or clarification on the business opportunity presented. ☐ ☐ The candidate’s performance was: Not satisfactory ☐ Satisfactory ☐ Feedback to candidate: Student Signature ILSC Business College Assessor Signature BSBINT401 Assessment V5.0917 Page 2 of 9 Assessment Task 1 - Legal Report Research local and international pieces of legislation (as listed below) that may have an influence on business opportunities and operations in the international market. Research the following legislation and laws: International Commercial Terms (INCOTERMS) Trade modernisation legislation: o Customs Legislation Amendment and Repeal Act o Import Processing Charges Act o Customs Depot Licensing Charges Amendment Act Trade Practices Act Warsaw Convention World Trade Organization determinations Format the information in a summary or a bulleted list using the template on the next page. Do not exceed one page per piece of legislation. ILSC Business College BSBINT401 Assessment V5.0917 Page 3 of 9 Legislation (a) Who created the law (which authority)? International Commercial Terms (INCOTERMS) the Internation al Chamber of Commerce (ICC) Customs Legislation Amendment and Repeal Act the Minister for Justice and Customs Import Processing Charges Act Immigration and Border Protection Customs Depot Licensing Charges Amendment Act The Parliament of Australia ILSC Business College (b) What is the full name of the law, and where can the most current version be accessed? Abbreviation of Commercial International Terms and the latest revision is INCOTERMS Customs 2010. This Legislation latest version Amendment can and be Repeal accessed on (International ICC website. Trade Modernisation) the Import Act 2001. Processing Charges Act 2013 the Customs Depot Licensing Charges Amendment Act 2015. BSBINT401 Assessment V5.0917 (c) What is the general intent or purpose of the legislation? Created to clearly communicate the tasks,costs, and risks associated with the transportation and delivery of goods The Customs Legislation Amendment and Repeal (International Trade Modernisation) Bill 2000, the Import The purpose of Processing the Import Charges Bill Processing 2000, and the Charges Customs Depot Amendment Bill Licensing 2013 (the Bill) Charges is to amend the Amendment Bill Import 2000purpose form a of Processing The package of Charges Depot Actthree 2001 Customs Bills the [1] to increase Licensing principal the import Charges objective of processingBill Amendment which is to charges levied 2015 (the modernise the on air, Bill) sea and Charges is way in which post to amend the the Australian consignments. Customs Depot Customs Service Licensing manages Act the 1997 Charges movement of (the Charges cargoto in and out Act) of Australia. implement The major certain amendments recommendations proposed by this from the Joint Bill: Of Border Review Fees, Charges (d) What sections are specifically relevant to engaging in international business opportunities? Section F: Main Carriage Not Paid By The Seller; Section C: Main Carriage Paid By The Seller; Section D: Arrival. Examination of goods for export that are not subject to Customs controlExamination of goods for export that are not subject to Customs control Import Processing A new Division 3A Charges have been (proposed sections applied since 1997. 122F-122R), dealing They fall into two with the examination categories: of goods for export that are not subject import declaration to Australian Customs processing charges Service (ACS) which are imposed The Customs Depot by control, will section 71B ofbe theAct Licensing Charges inserted in the Customs Act 1997 imposed 1901[2] formally Customs Act 1901 to (the and charges relating Principal Act) by warehouse declaration the customs depot item 5 of regime. Schedule processing charges 1 licensing of the are Bill. The Act which imposed by Section 5 of the proposed sections section of sets the 71DI rate of the confer powers Customs Act. on depot licence authorised officers application charge. to enter premises, The rate of charge is other than prescribed $1,000 for a person premises (ie. where or partnership goods thatand are made occupying or prepared in, or managing an appointed brought to, a place who applies for prescribed place 1 for a licence before Page 4 ofrate 9 export), and to April 1997. The examine goods that of charge for all (e) What are the implications of these sections for international business opportunities? buyer when the goods pass the ship's rail in the port of shipment, which means that the insurance is buyer’s responsibility. 2) Cost, Insurance and Exports Freight, the There will be additional changes to the way requirement that the export information seller purchases is to be reported. insurance against the most risk people, of loss the or For damage to goods. 3) way exports are Carriage Paid To, reported to Customs Import processing means that the will not change. charges seller processing must pay Import the freight of However, where a charges are charges the goods to the person has a history for services destination. The of providing concerning cargo risk of loss accurate reporting andor import damage to thethe goods information, CEO entry processing, and any cost can enter into an levied on the The Joint Review was increases are agreement the activitieswith involved commissioned prior transferred to the person to in the processing to 2015-16import buyer when the goods communicate export transactions. These Budget to identify have been delivered information under charges only apply and recommend to to the custody of the terms of the to processing Government how the firstgoods carrier, agreement. imported and charging and notapply at the do not to arrangements could ship's rail. Section It proposed that activities related be is improved to D Arrival 1) will these exporters to-Customs better support Delivered at number receive a set protection future border Frontier, that of accredited functions, such as operationsmeans andclient the seller’s export authorisation border protection industry outcomes. responsibility is In numbers (ACEANs). and or The detecting scope of the complete when thethe the typical case intercepting Joint Review goods have arrived ACEAN will be the to prohibited drugs and included changes at the border, only thing quoted imported goods.[5] current fees, so at responsibility the time of taxes, charges and for the cost of the exportation. See Warehouse as well as new Trade Practices Act Warsaw Convention World Trade Organisation determinations ILSC Business College Commonwealt The Trade Practices Act h 1974 is the full name of the Commonwealth law, and the most current version can The Warsaw State or be accessed Convention territory from is the 1929 Australian full name of Competition the law, and & Consumer the most Commission current (ACCC). can version be Theaccessed World Uruguay form TradeCivil Round Organization negotiation Aviation (WTO) s (1986-94) (Carriers' Liability) Act 1959. BSBINT401 Assessment V5.0917 The aim of the provisions is to strengthen the position of consumers relative to sellers, distributors and Warsaw The manufacturers Convention is an by ensuring international that businesses convention which compete fairly regulates on price for and liability quality, and international by implying carriage of into consumer persons, the Worldluggage Trade contracts or goods Organization. It non-excludable performed by is an conditions and aircraft for organization for warranties as to reward. trade opening. quality, fitness It is a forum and for title. governments to negotiate trade agreements. It is a place for them to settle trade disputes. It operates a system of trade rules. Essentially, the WTO is a place where member governments try to sort out the trade problems they face with each other. Section IV: Industry codes of practice and Section V, Division IA and product liability Part VA, Division 3: Product Chapter 2: Documents safeties, product of Carriage and information, are Chapter 3: liability specifically of the Carrier, are relevant to engaging the sections that in International specifically business relevant to opportunities. engaging in international Freer trade: business gradually, through opportunities. negotiation Lowering trade barriers is one of the most obvious means of encouraging trade. The barriers concerned include customs duties (or tariffs) and measures such as import bans or quotas that restrict quantities selectively. From time to time other issues such as red tape and exchange rate policies have also been discussed. Since GATT’s creation in 1947–48 there have been eight rounds of trade negotiations. A ninth round, under the Doha Development Agenda, is now underway. At first these focused on loweringPage tariffs 5 of 9 (customs duties) on Section IV: Industry codes of practice, mandatory or voluntary, are regulated by the Act, which aims to ensure that people are well informed when starting their business and that disputes can be resolved quickly and inexpensively. Section V: Division IA and product liability Part VA, Division 3: Product safeties, product information, which makes the ACCC responsible for product safety and information standards, banning orders and for advising the relevant minister on the exercise of their powers dealing with product safety and information. Under this Act, for people who is injured, or whose property is damaged by a defective product, has a right to compensation by the manufacturer of the product. Chapter 2: Documents of Carriage, mandates carriers to issue passenger tickets, requires carriers to issue baggage checks for checked luggage. Chapter 3: Liability of the Carrier creates a limitation period of 2 years within which a claim must be brought and limits a carrier’s liability to certain amount. The sums limiting liability are valid in the absence of a differing agreement with the carrier, whereas agreements on lower sums are null and void. The WTO is sometimes described as a “free trade” institution, but that is not entirely accurate. The system does allow tariffs and, in limited circumstances, other forms of protection. More accurately, it is a system of rules dedicated to open, fair and undistorted competition. The rules on non-discrimination — MFN and national treatment — are designed to secure fair conditions of trade. So too are those on dumping (exporting at below cost to gain market share) and subsidies. The issues are complex, and the rules try to establish what is fair or unfair, and how governments can respond, in particular by charging additional import duties calculated to compensate for damage caused by unfair trade. Many of the other WTO agreements aim to support fair competition: in agriculture, intellectual property, services, for example. The agreement on government procurement (a “plurilateral” agreement because it is signed by only a few WTO members) extends competition rules to purchases by thousands of government entities in many countries. And so on. Assessment Task 2 - Feasibility Report 1. Choose any product listed on the Australian Made website that is suitable for developing through an offshore business-licensing model. 2. Complete a feasibility report focused on two key areas: processes and skills analysis risk and support services analysis. 1. Identify the product you have chosen from the Australian Made website, and briefly describe why you chose this product. We have chosen a product called "natural liquid soap" - Dindi Naturals - from the Australian Made website, as we believe it is a unique product with very appealing features: Australian owned, locally sourced, natural, no chemicals and organic. It's a new choice of market segment and the product is easy to sell to the intended target market with a growing awareness in organic products and free of chemicals. (link to the product: -) 2. Select a specific target market and discuss the relevant cultural aspects of your choice. Our specific target market is India`s young population. According to market researches, this age group is part of the growing middle class. There`s a big trend of organic products in personal care and consumers are looking for innovative brands that demonstrates an original concept. The cosmetics/soap industry in India is rapidly growing and the most relevant way to enter this market is to work with distributors, agents, and online platforms in order to increase brand awareness and education. 3. Explain the common measures you will use to make your recommendations on this business opportunity We could use the opportunities SEARCH - Scan the environment - Expand on the idea - Adapt the idea to the circumstances - Revise and reconnect the idea’s components - Create the opportunity - Harvest: develop the vision for implementation ILSC Business College BSBINT401 Assessment V5.0818 Page 6 of 8 4. Identify and briefly describe the relevant legislation that may affect this business opportunity. If you want to import and/or manufacture cosmetics or cosmetic ingredients for commercial purposes you may need to register your business with NICNAS. NICNAS helps protect the Australian people and the environment by assessing the risks of industrial chemicals and providing information to promote their safe use. This covers a broad range of chemicals used in inks, plastics, adhesives, paints, glues, solvents, cosmetics, soaps and many other products. Laws 5. Complete a short written report (minimum 500 words) describing the: a) processes required to establish the international business opportunity b) skills required by personnel in country and the personal skills needed to manage this business opportunity c) principles of risk management associated with this business opportunity d) support services that may be needed to be accessed. a) Before going global, it is critical to understand what the full impact on your business will be. - Prepare a market segmentation analysis to determine if your product will sell in the local market. - Prepare a product gap analysis against local products. Is there a demand that is not satisfied by a local company? - Perform a SWOT analysis against competition. Your product will likely be higher priced than local products. Will the market buy your product? - Consider market opportunity/sizing. How big is the market and how long will it take you to capture your targeted sales? - Develop a Strategy and Business Plan - Define short-, medium-, and long-term strategy. Set reasonable goals to measure progress and cost/benefits. - Define goals, objectives, and success metrics. - Complete the business model and structure. Decide if you set up a separate company, a branch, or a sales office. - Develop a top-down annual budget. - Legal Readiness: Create localized commercial agreements, Review industry-specific regulations to ensure compliance and certifications are obtained if needed. b) In order to manage the international business operations carried out by all the people involved, it is imperative that they all possess the required skills to successfully achieve our goals. It is needless to say that our staff must be trained to develop their marketing skills so that we can expand our market as much as we can. They also need to be sales-savvy, meaning that these sales skills will be required when dealing with potential buyers and people who are interested in making purchases from us. As for personal skills, our staff members must have good customer care skills so that our clients feel valued at all times and are treated in a way that lets them know they are above everything else, that they are our number one priority. Our staff need to be people focused, this is, they need to build up relationships with others, especially sellers, so that our company in return can build up international reputation that will be the face of our product(s) to be sold. They must be net workers by nature, and they must seize every opportunity they have to make contacts and build a social network that is beneficial to our business as a whole, not just in terms of profit, but also taking into account that the more we sell, the more we can invest in expanding and growing and employing more staff in return. In order to achieve this, it is obvious that staff members need to be clear communicators and must at all times maintain a positive attitude towards their (potential) customers and have a professional appearance. ILSC Business College BSBINT401 Assessment V5.0818 Page 7 of 8 Assessment Task 3 - Product Licensing and Presentation Scenario You have identified a product suitable for offshore licensing, and will complete a feasibility study and present a report to a group of business investors (simulated group). As part of the presentation, seek feedback on the busines...
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